CST Brands and Imperial Oil announce the signing of an agreement
CST becomes an authorized Esso brand wholesaler in Canada
MONTREAL, July 30, 2014 /CNW Telbec/ - CST Brands Inc. (CST) is proud to announce the signing of an agreement with Imperial Oil that will enable it to resell Esso branded gasoline to Canadian motorists. As a result, CST adds the Esso brand to its portfolio of gasoline brands in its Corner Store network, and also intends to offer it to its gasoline retailers. Over the next few months, both companies will identify various sales locations in Canada in order to finalize the new relationship.
"CST's agreement with Imperial is part of our strategic development plan in Canada. By signing agreements with oil companies to market branded fuel, the presence of the Corner Store banners will have a greater presence in the Canadian marketplace," said Christian Houle, Senior Vice-President, Canadian Retail, CST Brands Inc. "Adding a recognized brand like Esso will be an asset for CST, which intends to accelerate its development in Toronto and in Western Ontario. In 2014, CST continues to execute on its strategic initiatives, which includes building 38 new stores in North America and playing an active role in the consolidation that characterizes the industry in order to boost sales and lower costs."
About CST Brands Inc.
CST Brands, Inc. (NYSE: CST) is one of the largest retailers of convenience merchandise and motor fuels in North America. Based in San Antonio, Texas, CST employs approximately 12,000 Team Members at nearly 1,900 locations throughout the Southwestern United States and Eastern Canada, including 270 at the CST Customer Service Center in San Antonio, Texas and 285 at the CST Service Center in Montreal, Canada. The Company offers a broad array of convenience merchandise, beverages, snacks and fresh food. In Canada, CST operates around 850 retail fuel sites in Greater Toronto, Ottawa, the province of Quebec and the Atlantic Provinces. Its Dépanneur du Coin and Corner Store sell signature Transit Café coffee and pastries. It distributes fuel under various brands, including Ultramar, for which it is the exclusive retailer, Pipeline Commercial, and Shell.
For more information about CST, please visit cstbrands.com
SOURCE CST Brands, Inc.For further information: Pierre Tessier, Communications Infrarouge, firstname.lastname@example.org, (514) 849-4554